Parcels deliver UK Mail growth

DELIVERY group UK Mail said yesterday its post and parcel volumes both rose in the three months to the end of June, helping push revenues up 2.5 per cent.

The London-listed firm said a boom in online shopping had boosted parcel deliveries by 10 per cent compared to last year, and that mail volumes were “slightly up” thanks to several new tenders.

UK Mail said parcel growth will moderate in the near future, ahead of a new automated hub launching next May.